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Public Pensions Put Taxpayer on the Hook

Updated March 25, 2010 12:01 a.m. ET

In regard to Andrew Biggs's "Public Pension Deficits Are Worse Than You Think" (op-ed, March 22), it's apparent that state governments need to exit the retirement saving business. Why should taxpayers be on the hook for trillions of dollars? Instead, there should be defined contribution plans. Corporate America figured this out years ago; those companies that cling to defined benefit plans find themselves at a disadvantage to competitors and are struggling. Without this change, public pension deficits will continue to...